How real estate agent can Save You Time, Stress, and Money.
How real estate agent can Save You Time, Stress, and Money.
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prevalent property community property mental property private property property damage property problems insurance policies property correct property tax public property
Review tenancy in widespread at tenancy — community property : property held jointly by partner and wife specifically : property Primarily from work acquired by possibly husband or wife right after marriage that may be deemed in states aquiring a Neighborhood property procedure to belong to both equally spouses as undivided a single-half pursuits
in the corporation : property belonging to a certain particular person — certified terminable desire property : property passing into a surviving spouse that qualifies with the marital deduction In the event the executor so elects providing which the partner is entitled to receive profits in payments manufactured a minimum of on a yearly basis for life Which no one has a power to appoint any Component of the property to any person aside from the surviving wife or husband
see also antenuptial arrangement Take note: In most states, on divorce marital property is divided In keeping with exactly what the court docket decides is equitable. — movable property : property (as personal property or crops) that could be moved — personal property : property (being a vehicle) that is definitely movable although not which includes crops or other methods nonetheless connected to land : property in addition to real property a tax on the personal property
— real property : property consisting of land, properties, crops, or other means nonetheless connected to or within the land or improvements or fixtures completely hooked up for the land or a construction on In addition it : an fascination, gain, right, or privilege in these kinds of property
called also immovable property — independent property : property of the spouse that is not Local community property or marital property Primarily : property obtained by a wife or husband prior to marriage or independently through marriage (as by reward or frequently by inheritance) — tangible property : property which has a tangible and corporeal existence and intrinsic economic price thanks to it the insurance policy restricted property destruction coverage to tangible property
These examples are programmatically compiled from several on line resources to illustrate present usage in the phrase 'property.' Any views expressed from the illustrations never represent These of Merriam-Webster or its editors. Deliver us suggestions about these examples.
— marital property : property acquired by either partner through the system of the marriage which is subject matter to division on divorce
see also asset, estate, interest sense one, possession sense 1e — abandoned property : property to which the proprietor has relinquished all rights Be aware: When property is abandoned, the operator offers up the realistic expectation of privacy concerning it. The finder of deserted property is entitled to help keep it, and a police officer may just take possession of abandoned property as evidence with out violating the assure towards unreasonable queries and seizures within the Fourth Amendment for the U.S. Constitution. — following-acquired property : property (as proceeds) that a debtor acquires after the commencement of the individual bankruptcy scenario and that is generally considered part of the bankruptcy estate : property obtained following the perfection of a lien or safety curiosity Particularly : this kind of property obtained once the generation of the lien or safety curiosity which is topic towards the lien or becomes collateral for the safety fascination : property transferred to your estate of a decedent right after execution from the will — typical property : property owned or used by multiple occasion especially : property owned or leased by tenants in common
possession in indivision at possession Notice: The states getting community property guidelines are Louisiana, Arizona, California, Texas, Washington, Idaho, Nevada, New Mexico, and Wisconsin. — immovable property : real property With this entry exclusively, inside the civil law of Louisiana : tracts of land with their ingredient areas — intangible property : property (like a stock certification or Qualified license) that derives price not from its intrinsic Actual physical character but from what it represents — intellectual property
of not conducting warmth character applies to a peculiar and distinct good quality of a detail or a category.
a : a top quality or trait belonging and especially peculiar to someone or issue b : an effect that an item has on another object or over the senses c : virtue perception 2 d : an attribute popular to all associates of a category
a : anything owned or possessed particularly : a bit of real estate b : the unique right to have, appreciate, and eliminate a point : possession c : anything to which a person or small business includes a lawful title d : a single (for instance a performer) who's less than contract and whose get the job done is very useful e : a reserve or script acquired for publication or production
property indicates a attribute check here that belongs into a thing's vital nature and should be used to explain a sort or species.
see also QTIP have faith in at trust Notice: Less than federal tax law the property need to be included in the gross estate on the surviving spouse at their have Loss of life, wherever it's subject matter to taxation.